DELL WEEKLY BARS:
- 2024 June, the topping signal (bearish divergence) flared and the stock crashed -62% in about a year.
- 2025 November, the same topping signal flared and the stock crashed nearly -40% in about 2 months.
- 2026 October, the same topping signal flared again here today with the oscillator fully crossing down.
- There are few condiotions that needs to be met before we can fully confirm this signal:
- The stock cannot go and make new ATHS from this level for this topping signal to play out.
- The oscillator cannot whipsaw back up and fully break above the redline.
- During 2024 signal, it took about a month before it finally topped out after the bearish divergence has been formed.
- So, it could take a while before it can finally get hit and we see a good amount of correction on this stock.
